SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 25, 2001
BAMS
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9)
(Exact name of registrant as specified in charter)
North Carolina 33-63714 13-4078651
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
100 N. Tryon., Charlotte, NC 28255
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (704) 388-5770
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Item 5. Other Events
BAMS
MORTGAGE PASS-THROUGH CERTIFICATES
Series 1999-9
On October 25, 2001, The Bank of New York, as Trustee for BAMS, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-9, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 1999, among BAMS as Depositor, BANK
OF AMERICA MORTGAGE SECURITIES, INC., Seller and Master Servicer and The Bank of
New York, as Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of BAMS, MORTGAGE PASS-THROUGH
CERTIFICATES Series 1999-9 relating to the distribution date
of October 25, 2001 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of August 1, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: October 25, 2001
BAMS
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
Payment Date: 10/25/01
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
Bank of America, N.A., Master Servicer
------------------------------------------------------------
Class Information Current Payment Information
----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
----------------------------------------------------------------------------------------------------------------------------------
Senior A1 13,399,780.36 7.000000% 490,128.63 78,165.39 568,294.02 0.00 0.00
A2 34,619,837.62 7.000000% 1,142,122.28 201,949.05 1,344,071.34 0.00 0.00
A3 90,715,195.79 7.000000% 2,906,945.59 529,171.98 3,436,117.57 0.00 0.00
A4 20,397,735.61 7.000000% 134,926.54 118,986.79 253,913.33 0.00 0.00
A5 39,333,000.00 7.000000% 0.00 229,442.50 229,442.50 0.00 0.00
A6 23,130,264.39 7.000000% 0.00 0.00 0.00 0.00 0.00
A7 14,647,000.00 7.000000% 0.00 85,440.83 85,440.83 0.00 0.00
A8 40,000,000.00 7.000000% 0.00 233,333.33 233,333.33 0.00 0.00
A9 39,000,000.00 7.000000% 0.00 227,500.00 227,500.00 0.00 0.00
A10 1,000,000.00 7.000000% 0.00 5,833.33 5,833.33 0.00 0.00
APO 4,468,017.32 0.000000% 55,387.72 0.00 55,387.72 0.00 0.00
Residual AR 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,376,284.54 7.000000% 10,367.77 60,528.33 70,896.10 0.00 0.00
B2 2,937,127.20 7.000000% 2,934.72 17,133.24 20,067.96 0.00 0.00
B3 1,566,859.07 7.000000% 1,565.57 9,140.01 10,705.58 0.00 0.00
B4 1,175,633.33 7.000000% 1,174.67 6,857.86 8,032.53 0.00 0.00
B5 783,429.53 7.000000% 782.79 4,570.01 5,352.79 0.00 0.00
B6 783,813.02 7.000000% 783.17 4,572.24 5,355.41 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 338,333,977.79 - 4,747,119.46 1,812,624.89 6,559,744.36 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 12,909,651.73 0.00
A2 33,477,715.34 0.00
A3 87,808,250.20 0.00
A4 20,262,809.07 0.00
A5 39,333,000.00 0.00
A6 23,265,190.93 0.00
A7 14,647,000.00 0.00
A8 40,000,000.00 0.00
A9 39,000,000.00 0.00
A10 1,000,000.00 0.00
APO 4,412,629.60 0.00
Residual AR 0.00 0.00
--------------------------------------------------------------------------------
Subordinate B1 10,365,916.76 0.00
B2 2,934,192.48 0.00
B3 1,565,293.49 0.00
B4 1,174,458.66 0.00
B5 782,646.75 0.00
B6 783,029.85 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 333,721,784.87 -
--------------------------------------------------------------------------------
Payment Date: 10/25/01
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
Bank of America, N.A., Master Servicer
------------------------------------------------------------
Class Information Current Payment Information
Factors per $1,000
------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Senior A1 13,399,780.36 7.000000% 060506HP0 24.506432 3.908269 645.482587
A2 34,619,837.62 7.000000% 060506HQ8 22.842446 4.038981 669.554307
A3 90,715,195.79 7.000000% 060506HR6 22.385055 4.074911 676.171061
A4 20,397,735.61 7.000000% 060506HS4 5.734722 5.057242 861.221059
A5 39,333,000.00 7.000000% 060506HT2 0.000000 5.833333 1,000.000000
A6 23,130,264.39 7.000000% 060506HU9 0.000000 0.000000 1,163.259546
A7 14,647,000.00 7.000000% 060506HV7 0.000000 5.833333 1,000.000000
A8 40,000,000.00 7.000000% 060506HW5 0.000000 5.833333 1,000.000000
A9 39,000,000.00 7.000000% 060506HX3 0.000000 5.833333 1,000.000000
A10 1,000,000.00 7.000000% 060506HY1 0.000000 5.833333 1,000.000000
APO 4,468,017.32 0.000000% 060506HZ8 11.192292 0.000000 891.667581
Residual AR 0.00 7.000000% 060506JA1 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,376,284.54 7.000000% 060506JB9 0.977262 5.705375 977.087074
B2 2,937,127.20 7.000000% 060506JC7 0.977262 5.705375 977.087074
B3 1,566,859.07 7.000000% 060506JR4 0.977262 5.705375 977.087074
B4 1,175,633.33 7.000000% 060506JD5 0.977262 5.705375 977.087074
B5 783,429.53 7.000000% 060506JE3 0.977262 5.705375 977.087074
B6 783,813.02 7.000000% 060506JF0 0.977262 5.705375 977.087074
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 338,333,977.79 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
Bank of America, N.A., Master Servicer
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 333,721,774.32 333,721,774.32
Loan count 979 979
Avg loan rate 7.255044% 7.26
Prepay amount 4,274,012.87 4,274,012.87
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FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Master serv fees 87,057.08 87,057.08
Sub servicer fees 0.00 0.00
Trustee fees 1,127.78 1,127.78
Agg advances N/A N/A
Adv this period 0.00 0.00
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LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00
Cumulative losses 0.00 0.00
Coverage Amounts Total
---------------- -----
Bankruptcy 0.00 0.00
Fraud 4,003,362.30 4,003,362.30
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.796132% 100.000000% 320,710,831.10
-----------------------------------------------------------------------------
Junior 5.203868% 0.000000% 17,605,538.00
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 9 2,737,440.34
60 to 89 days 1 295,002.77
90 or more 1 257,352.78
Foreclosure 0 0.00
Totals: 11 3,289,795.89
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
REO INFORMATION
--------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
--------------------------------------------------------------------------------
OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 6,559,744.36 6,559,744.36
Principal remittance amount 4,747,119.46 4,747,119.46
Interest remittance amount 1,812,624.89 1,812,624.89